Key facts
- Municipal bonds traded mostly flat.
- U.S. Treasury yields increased.
- Retail investors are distracted by the stock market.
Municipal bonds traded mostly flat, while U.S. Treasury yields experienced a cheapening, indicating a rise in yields. Pat Luby, head of municipal strategy at CreditSights, commented that a significant number of retail investors are currently preoccupied with the stock market, potentially diverting attention from the municipal bond market.